Shares of Trade Desk Inc. TTD were up 6% in premarket trading Wednesday after the advertising-technology company topped profit expectations for the latest quarter, while issuing an upbeat outlook. The company reported fourth-quarter net income of $71 million, or 14 cents a share, compared with $8 million, or 2 cents a share, in the year-earlier period.
The company reported fourth-quarter net income of $71 million, or 14 cents a share, compared with $8 million, or 2 cents a share, in the year-earlier period. On an adjusted basis, Trade Desk earned 38 cents a share, down from 42 cents a share a year before but ahead of the FactSet consensus, which was for 35 cents a share. Revenue rose to $491 million from $396 million, while analysts were modeling $490 million.